Confidence in the business energy efficiency sector continued to drop during the past quarter and is now firmly in negative territory, according to a survey by EEVS.

The market monitor, which combines trends in supplier order books, staffing levels, sale prices and government action, fell from -4 to -38 points, mainly on the back of concerns about the consequences of the EU referendum. Over the next 12 months, 50% of energy efficiency suppliers considered that Brexit would result in reduced levels of customer demand, with 29% also expecting their overheads to rise, and the same proportion anticipating reduced business investment.

High efficiency lighting saw one of the biggest drops in deployment by businesses during the quarter and, although it still remains the leading technology deployed, it was significantly down (59%) on its rolling four-quarter average (70%).

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